Head of Risk - Malta
The Head of Risk - Malta is responsible to:
Risk Management
Set up and manage the Risk Management Framework: Establish appropriate risk policies and procedures to minimize the Company’s risks.
Recommend updates to the Risk Appetite Statement: Advise the Board of Directors on annual updates and appropriate risk tolerance limits, clearly outlining the level of risk acceptable in line with strategic goals.
Maintain a risk register: Systematically record identified risks and mitigation actions.
Identify, analyze, quantify, and mitigate risks: Address risks faced by the Company with appropriate actions. The risk identification should encompass not only integrity risks (such as AML/CFT and fraud) but also ICT, operational, market, credit, legal, compliance, conflicts of interests, and other relevant risks in accordance with all intended crypto-asset services. The risk identification process should address risks at various levels, including individual business lines and the overall entity together with outsourced activities.
Conduct ongoing risk assessments: Regularly evaluate risks to ensure they are managed effectively.
Credit and Counterparty Risk Management: Design, enforce and monitor credit risk policies and oversee exposures.
Implement risk measurement methodologies: Recommend risk appetite thresholds and develop monitoring tools.
Ensure compliance with regulatory requirements: Maintain activities within relevant risk-related regulations.
Collaborate with senior management: Manage key risks, provide analysis, and highlight risk exposures and performance metrics. Also coordinate cross-functionally with business units to refine risk controls and support new product development.
Lead regional incident response and crisis management efforts: Oversee responses to incidents and crises.
Develop specific risk management actions: Create targeted strategies to reduce or control risk exposure.
Monitor and report on risk management activities: Implement continuous monitoring systems and regular reporting to management.
Evaluate the risk management framework annually: Assess its effectiveness, relevance, and adequacy in addressing emerging risks.
Stay updated on industry trends and emerging risks: Adapt strategies to reflect changes in the environment.
General
Support the preparation of reports for the Board of Directors, senior management, auditors, and regulatory authorities.
Respond to information requests from regulators and auditors, and provide assistance during thematic reviews conducted by these parties.
Participate in meetings as required.
The Head of Risk has to undergo the MFSA PQ process.
Required Skills
The incumbent is expected to have,
familiarity with the operations of the crypto, investment, or banking sectors will be considered an advantage;
relevant qualification in financial services or compliance is required;
strong verbal and written communication skills, sound judgment, and analytical abilities;
follow-up skills and the ability to communicate clearly and promptly are essential;
team player skills with a genuine interest in digital assets and blockchain technology; and
enthusiasm for continuous learning and a willingness to explore new frontiers in technology and compliance.
Compensation & Transparency: The expected base salary range for this position based in Malta is 84,000 to 115,000 euros per year. This range reflects the position's requirements and represents a good faith framework determined by objective, gender-neutral criteria such as required skills, core competencies, and professional experience. This base range is exclusive of discretionary bonuses, equity allocations, and localized benefits.
Our Commitment to Fair Pay: In compliance with the EU Pay Transparency Directive, FalconX evaluates applicants entirely on objective qualifications and the scope of the role. FalconX does not solicit, require, or consider a candidate’s current or historical compensation at any stage of the recruitment process.